Agency Risk Management and Internal Control Standards (ARMICS) was a directive originally issued in November 2006 by the Comptroller of Virginia. It applies to all state agencies and institutions within the Commonwealth.
The purpose of ARMICS is to implement internal control standards and "best practices" that directly support the Commonwealth's vision and long term objectives. This directive has since become part of the Commonwealth Accounting Policies and Procedures (CAPP) Manual.
ARMICS is an ongoing process to design and provide reasonable assurance that Radford University has:
- Effective and efficient operations
- Reliable financial reporting;
- Compliance with applicable laws and regulations;
- Safety measures in existence to safeguard all assets.
The objective of ARMICS is to make certain that fiscal accountability is in place and regularly reviewed at Radford University and that all the Commonwealth's assets are vigilantly protected.
If you have any questions related to ARMICS or internal control standards at Radford University, contact Rhonda Mah, ARMICS/Tax Compliance Manager at 540-831-7020 or email@example.com.